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At least 6.5 billion rubles are needed to resume operation of the flooded mines in Partizansk. And the work will last for some 3 years. Suchan-Ugol LLC announced its planes to revive coal industry in Partizanks in January. At present the company is a resident of the Free Port of Vladivostok. The company intends to…
DetailsIn January-July Amur region extracted 12312 kg of gold, down by 14.5% YoY. The decrease is due to the drop of output at Albyn and Pokrovsk mines of Petropavlovsk Plc. Of the total volume 8703 kg (-19%) were provided by the companies developing ore gold deposits. Alluvial gold output remained on the previous year level…
DetailsThe arc furnace shop No. 3 of Zlatoust Electrometallurgical Works has produced the corrosion- and heat-resistant steel EP-410-Sh according to technique, developed by the company specialists. The steel was produced using the electroslag remelting. The slabs with the sizes of 150x500x1200 mm and 210x500x1400 mm were produced to be further processed at the sheet-rolling mills.…
DetailsIn July loading of ferrous metals increased by 8.2% YoY, to 6.6 million tons. Since the beginning of the year the railroad has transported 46.1 million tons of ferrous metals, up by 11.6% YoY. The increase in July was due both to local (+10%) and export (+20%) transportation. Deliveries to Taiwan grew 2.6-fold, to Italy…
DetailsPJSC Severstal, one of the world’s leading vertically integrated steel and mining companies, will reduce its emissions to the atmosphere by almost 700 tons per year following the reconstruction of the coke oven battery No. 4 (KB-4) at the Cherepovets Iron and Steel Works. The project, with a total cost of approximately 6 billion rubles,…
DetailsDTEK Dnepro Grid has decided to limit the delivery of electricity to Dniepropetrovsk Tube Works from August 28 because of the debt of 48 million UAH. “At present the debt of the plant has amounted to 48 million UAH. We have several times agreed not to take measures because of a large number of sub-users…
DetailsEnergomashspetsstal will produce supporting rolls for 2 ArcelorMittal iron and steel works. According to the company statement, two hot-rolling rolls will be shipped to ArcelorMittal Eisenhüttenstadt (Germany). The total weight of the order is 67 tons. The delivery is scheduled for May and August 2019. Another supporting roll weighing 107 tons will be produced for…
DetailsIn January-July the Belarus Iron and Steel Works (BMZ trademark) increased the export of products by 35% YoY, the company’s press service reported. In January-July BMZ exported 1.14 million tons of metal products worth more than $724 million. The export growth made up 135% from the same period in 2017 in money terms and 105.5%…
DetailsThe prices of precious metals increased in Azerbaijan on August 28, according to the data published by the Central Bank. The price of gold went up by 4.913 manats, to 2,056.439 manats per ounce on August 28, compared to the price on August 27. The price of silver grew by 0.0469 manats, to 25.2991 manats…
DetailsThe net profit of Russia’s gold producer GV Gold fell by 9.5% YoY, to $19 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue soared by 70%, to $146 million. Operating profit grew by 52%, to $43 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by…
DetailsCoal reserves of Russia are estimated at 200 billion tons, or 5.5% of the world total. Magadan region has four major coal territories: Arkagalinskaya, Omsukchanskaya, Omolonskaya and Okhotskaya. Three companies mine for coal in the region: Kolyma Coal Company LLC, Association of Business Partnership LLC and North-Eastern Coal Company LLC. Last year Kolyma Coal Company…
DetailsThe blast furnace No. 4 of Cherepovets Iron and Steel Works has produced the 85-millionth ton of pig iron. This is the second largest blast furnace in Severstal volume-wise. The furnace was first blown on March 27, 1969. The first pig iron was produced on March 29, 1969. The volume of the furnace is 2.7…
DetailsIn January-June, according to the railroad statistics, steel supplies for the construction of the Sila Sibiri (Power of Siberia) gas pipeline totaled 100.7 thousand tons, down by 28% YoY, by 61% from 2016 and by 35% from 2015. Steel pipes constituted the main part of the deliveries (87%), with large diameter pipes accounting for 6%,…
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